Hi Guys,
I'm feeling pretty dubious about the markets at the moment. I'm an aggressive investor but feel that there is a lot out there which is dramatically overpriced - particularly tech. I'm agreeing with a number of assessments that we could have a recession in the next couple of years.
I've got a managed investment portfolio which is in the most risky strategy that the fund manager offers. I've invested in a few equity funds myself and speculated on some stocks. Everything has done very well but I'm aware I'll feel it hard if a recession happens.
I've got 55% of my portfolio in the managed portfolio, 25% in cash and 20% in either funds I've chosen myself or speculative stocks. Everything (except the cash) is equities.
Now I'm keen to keep my stocks and funds going as this is all held in areas which I think will do well and is very long term. I'm happy with my cash amount. I'm thinking of reducing the risk in my managed portfolio but the fund manager is saying the portfolio isn't designed to be switched around and should be held continuously for 5 years+.
I'm 28 and don't really need the invested monies - its mostly there for the long term. I'm stuck between holding out in 100% equity or reducing my equity exposure by changing the amount of risk in my managed portfolio. My equity amount would go down by around 30-35% if I move to their Cautious/Balanced portfolio.
I agree with the sentiment 'it's time in the market rather than timing the market' but having done so well from several years of growth I can't see why it wouldn't be a good idea to reduce the risk and then increase again after we've seen a big dip?
What are your thoughts? Do I need to man up or am I being sensible?
Submitted May 23, 2018 at 04:31AM by wigl301 https://ift.tt/2GLhQQU
